JELD-WEN Holding, Inc. (NYSE:JELD) Given Consensus Recommendation of “Reduce” by Brokerages

JELD-WEN Holding, Inc. (NYSE:JELD) has been given an average rating of “Reduce” by the eight analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $9.06.

JELD has been the topic of a number of analyst reports. Barclays cut their price target on JELD-WEN from $9.00 to $6.00 and set an “equal weight” rating on the stock in a report on Monday, February 24th. Truist Financial dropped their target price on JELD-WEN from $11.00 to $7.00 and set a “hold” rating on the stock in a research note on Wednesday, February 19th. Loop Capital dropped their target price on JELD-WEN from $10.00 to $8.00 and set a “hold” rating on the stock in a research note on Wednesday, February 19th. UBS Group dropped their target price on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Finally, StockNews.com downgraded JELD-WEN from a “hold” rating to a “sell” rating in a research note on Friday, March 7th.

JELD-WEN Trading Up 2.4 %

Shares of NYSE:JELD opened at $6.14 on Monday. JELD-WEN has a 12-month low of $5.44 and a 12-month high of $21.75. The business’s fifty day simple moving average is $7.76 and its 200-day simple moving average is $10.84. The company has a market capitalization of $520.55 million, a PE ratio of -2.75 and a beta of 2.22. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings results on Monday, February 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.20). JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. The company had revenue of $895.70 million during the quarter, compared to analysts’ expectations of $860.82 million. As a group, equities research analysts predict that JELD-WEN will post 0.88 earnings per share for the current fiscal year.

Insider Buying and Selling at JELD-WEN

In related news, Director Steven E. Wynne acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was acquired at an average price of $6.01 per share, with a total value of $60,100.00. Following the acquisition, the director now directly owns 28,000 shares in the company, valued at $168,280. This represents a 55.56 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Turtle Creek Asset Management acquired 110,000 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was bought at an average cost of $7.65 per share, with a total value of $841,500.00. Following the acquisition, the insider now owns 12,259,784 shares in the company, valued at approximately $93,787,347.60. This trade represents a 0.91 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 525,137 shares of company stock worth $3,719,287. 1.03% of the stock is currently owned by insiders.

Hedge Funds Weigh In On JELD-WEN

Institutional investors and hedge funds have recently modified their holdings of the stock. Performa Ltd US LLC lifted its holdings in shares of JELD-WEN by 1,580.0% in the 4th quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock valued at $34,000 after buying an additional 3,950 shares during the period. Quarry LP acquired a new position in JELD-WEN in the 4th quarter worth about $46,000. US Bancorp DE raised its holdings in JELD-WEN by 257.6% in the 4th quarter. US Bancorp DE now owns 9,752 shares of the company’s stock worth $80,000 after purchasing an additional 7,025 shares during the period. MQS Management LLC acquired a new position in JELD-WEN in the 3rd quarter worth about $160,000. Finally, Brevan Howard Capital Management LP acquired a new position in JELD-WEN in the 4th quarter worth about $83,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

About JELD-WEN

JELD-WEN Holding, Inc designs, manufactures, and sells wood, metal, and composite materials doors, windows, and related building products in North America and Europe. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; stile and rail doors; and wood, vinyl, and wood composite windows.